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Bank of America Corp. shares fell after the bank posted a surprise loss driven by $6 billion of costs tied to mortgage disputes. The stock slid 3.2 percent to $15.87 at 10:25 a.m. as investors assessed the latest in a line of legal expenses that have totaled more than $50 billion at the lender since the financial crisis. The drop was the worst in the 24-company KBW Bank Index today. The $276 million quarterly deficit was the fourth since Chief Executive Officer Brian T. Moynihan took the top job at the start of 2010. His predecessor's 2008 purchase of Countrywide Financial Corp. left Bank of America responsible for thousands of bad home loans and related mortgage debt. The latest $950...

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Bank of America Corp. shares fell after the bank posted a surprise loss driven by $6 billion of costs tied to mortgage disputes.The stock slid 3.2 percent to $15.87 at 10:25 a.m. as investors assessed the latest in a line of legal expenses that have...

A slump in Internet and other technology stocks pulled the broader market lower Friday, as traders turned on the same companies they flocked to earlier this year. Google, Netflix and other pillars of the Internet economy took a beating. It was a bad day...

Over the last six years, roaring bears and raging bulls both have had their turns to be right about financial markets.
But investing success in the next market phase could be far more about pinpointing individual opportunities than riding a wave.
This...

Two founders of Third Way, a Washington think tank that carries water for Wall Street by pretending to be a "centrist" organization, have come out with a new proposal for a mass retirement program that, yes, will line Wall Street's pockets while...

When it comes to meeting California's state pension obligations, everyone agrees that paying the bills is a challenge. But exactly how big is the "unfunded liability"? Pessimists and optimists throw out wildly different totals for the state's 80...

ATHENS, Greece — Suspected domestic terrorists exploded a car bomb outside a Bank of Greece building in the heart of Athens Thursday, causing damage but no injuries in a brazen attack hours before a landmark bond issue by the financially struggling...

ATHENS -- A powerful car bomb jolted Athens on Thursday, causing damage but no injuries just as the Greek government prepared to raise money from global capital markets for the first time since the country was forced to accept an international bailout...

ATHENS -- After four years of exile from global markets, Greece made a promising return Thursday by attracting strong demand at its first sale of government bonds since accepting two international bailouts to stay afloat.
A highly anticipated auction...

Charles H. Keating Jr., who became the poster child of the savings and loan debacle 25 years ago after his Irvine thrift was seized by federal regulators in what at the time was the nation's costliest bank collapse, has died. He was 90.
In the early...

Willful and self-assured, Charles H. Keating Jr. strode through a life of outsized public roles — anti-pornography crusader, luxury hotel developer, political kingmaker — on his way to becoming one of the nation's most notorious corporate rogues.
The...

What a fantastically ironic coincidence that on the same day the Supreme Court struck down a law limiting campaign contributions because money does not automatically corrupt politicians, we received news of the death of Charles Keating, the very poster...

Fixed mortgage rates declined for the fifth straight week, with Freddie Mac reporting that lenders were offering 30-year home loans at an average of 4.12%, down from 4.14% a week earlier.
The average offering rate for a 15-year fixed loan fell to 3.21%...

The stock market closed out May on a mostly higher note Friday, sending two out of the three major U.S. indexes to record highs. Trading was uneven, and indexes moved between small gains and losses for most of the day. A late push higher left the Dow...

Stocks fell back from record levels on Wednesday as investors decided it was better to play it safe. A day after the Standard & Poor's 500 index climbed above 1,900 for the first time, investors turned their backs on stocks that would benefit more...

Stock prices are near all-time highs, but the real place to be this year is the bond market.
To the surprise of many on Wall Street, the long-underestimated fixed-income market is quietly outperforming its equity counterpart.
Many investors expected...

Investors retreated from stocks Thursday, leading the Dow Jones industrial average to its worst day in five weeks, after disappointing earnings from Wal-Mart and mixed news about the global economy. Financial markets reflected broader investor jitters:...

Good results from retailers and demand for telecommunications shares market helped push the stock market to a small gain on Friday. Telecoms rose the most among the 10 industries in the Standard & Poor's 500 index. Their jump followed news that Warren...

Worries from overseas held back the stock market on Monday. Stocks started the day lower after a report showed that manufacturing in China, the world's second biggest economy, had contracted for the fourth straight month. News of more fighting between...

Former Treasury Secretary Timothy Geithner's memoir, "Stress Test," is being picked apart fairly intensively by the Washington and Wall Street press gangs, who are busily retailing the book's snarks and slights.
We're more interested in a...